Have you ever heard people say don't put al of your eggs in one basket? Ignore that. Put all your eggs in one basket and watch it as if your life depends on it.
Another important lesson I learned at GBI is the importance of focusing on one thing at a time. If your focus is scattered, you won't be able to give 100% on what you're trying to achieve, which in turn brings mediocre result.
Think of it this way. When people mention Michael Jordan, what comes to your mind? What do you associate him with? He's one of the greatest basketball players in history because he focuses all his time, energy and attention on being the best basketball player.
You wouldn't see Michael Jordan rushing from basketball practice to the circuit trying to figure out how to beat Michael Schumacher.
The great athletes are great at what they do because they focus on being good at one and only one thing.
Likewise, if you want to be good at something, focus all your time, energy and attention on that one thing.
Wednesday 16 July 2008
Wednesday 2 July 2008
Creating A Win-Win For Everyone
I was at the Guerilla Business Intensive (GBI) in Singapore last week. The organiser is Success Resources & Peak Potential Training (T. Harv Eker's company). Eker was one of the instructors.
The 5-day seminar is the best money and time I've spent this year. I've learned so much about business, marketing, and negotiation.
What is the most profound thing I learned? That negotiation is about creating a win-win situation for all parties. Many people seem to think that negotiation is about getting as much as you can for yourself. The other party must lose in order for you to win. That must be the biggest myth in human history.
Negotiation is not about hoarding everything for yourself. It's about creating a win-win situation so that everyone is happy with what they have. Think of it this way: would you want to work again with anyone who wants to take everything from you and bleed you dry? Very unlikely.
Doing business is about creating a win-win situation for everyone involved - yourself, your customers, your suppliers etc. It's about providing value for other people. It's not about "me, me, me!".
Anyway... We were given a template that we can use to plan our business strategy and given time to do our plan and have it criticized by two other people. Awesome exercise.
I went to Singapore with a vague idea for a new business and came home with clarity on what I want to do. The business idea has evolved into something much more substantial that my initial half-baked idea.
I'm so excited!!
The 5-day seminar is the best money and time I've spent this year. I've learned so much about business, marketing, and negotiation.
What is the most profound thing I learned? That negotiation is about creating a win-win situation for all parties. Many people seem to think that negotiation is about getting as much as you can for yourself. The other party must lose in order for you to win. That must be the biggest myth in human history.
Negotiation is not about hoarding everything for yourself. It's about creating a win-win situation so that everyone is happy with what they have. Think of it this way: would you want to work again with anyone who wants to take everything from you and bleed you dry? Very unlikely.
Doing business is about creating a win-win situation for everyone involved - yourself, your customers, your suppliers etc. It's about providing value for other people. It's not about "me, me, me!".
Anyway... We were given a template that we can use to plan our business strategy and given time to do our plan and have it criticized by two other people. Awesome exercise.
I went to Singapore with a vague idea for a new business and came home with clarity on what I want to do. The business idea has evolved into something much more substantial that my initial half-baked idea.
I'm so excited!!
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